Reported 4 months ago
US stocks continued to fall on Thursday as traders awaited upcoming inflation data. Salesforce stock plummeted over 20% due to poor earnings. The Dow closed lower by 330 points, while the S&P 500 dropped approximately 0.6%. The Bureau of Economic Analysis will release the personal consumption expenditures price index, with economists predicting a 2.7% year-over-year increase in April. Bond yields decreased after revised GDP data and increased jobless claims, suggesting a potential rate cut by the Federal Reserve. West Texas Intermediate crude oil fell 1.6% to $77.95 a barrel, while Bitcoin rose by 1.9% to $68,712.08.
Source: YAHOO